Myth #1:The filing of a bankruptcy will eliminate your credit for 10 years. This is not true. The bankruptcy filing will remain on your credit report for up to 10 years. This does not mean it will have a negative effect on your credit during that 10 … [Read more...]
Questions about Bankruptcy
What is bankruptcy? Bankruptcy is a federal legal proceeding designed to help individuals and corporations deal with debt problems. Individuals who do not have the current ability to pay their debts can file either a Chapter 7 or Chapter 13 … [Read more...]
FAQs Regarding Bankruptcy
The following are a series of frequently asked questions regarding Bankruptcies Can anyone file a bankruptcy? This is a difficult question to answer. Generally speaking, for an individual to a bankruptcy he or she must have negative cash flow. … [Read more...]
